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Reportlinker Adds The Outlook for Pharmaceuticals in Western Europe
Date:12/29/2010

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Austria has a stable, mature economy but will nevertheless be affected by the global economic downturn. Healthcare expenditure has continued its steady growth in recent years. The pharmaceutical market is expected to grow by a CAGR of 7.5% between 2009 and 2014. Cardiovascular drugs are market leaders both in terms of value and volume. The share of generics in the pharmaceutical market is low, but it is rising. The main challenge facing the Austrian pharmaceutical system is rising costs. The main reason for this is an ageing population and the uptake of new, more expensive pharmaceuticals.

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